Clear Junction and Turicum Private Bank join forces for banking solutions

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Valentina Vitali
Valentina Vitali
FXC Intelligence Research Analyst
Valentina is a Research Analyst at FXC Intelligence, the data sister company of FXcompared. Valentina is passionate about payments and fintech. Valentin enjoys analysing money transfer companies and… Read more
  • Clear Junction, which is based in London and offers international finance solutions to private banking institutions, has paired up with a Gibraltar-based Turicum Private Bank.
  • Turicum works with high-net-worth individuals and other private customers – and will now collaborate with Clear Junction to get access to payment ‘rails’ such as SEPA Instant.
  • A senior figure at Turicum said that it made the decision to work with Clear Junction in part because some of its own clients had also worked with the firm.

A provider of international money transfers solutions has partnered with a private bank in Gibraltar.

Clear Junction, which is based in London, said that it will work alongside Turicum Private Bank.

Turicum is a premier provider of banking services to high-net-worth individuals and other private customers.

Now, Clear Junction will provide the institution with real-time payment services in two different currencies – the British pound and the single European currency.

Clear Junction, which specialises in international banking payments for firms such as Turicum, will now use the opportunity to expand its operations.

It is based around a proprietary technology offer and it also provides risk management services to its banking partners.

For Turicum in particular, it will mean that the bank can use key payment ‘rails’ such as SEPA Instant and Faster Payments.

In a statement, a senior figure at Clear Junction said that the company would be helping Turicum to make a leap to the next level of business growth.

Dima Kats, who is the chief executive of Clear Junction, also said that Turicum was bank to add to the portfolio of other banks and online money transfer providers it currently serves.

“Clear Junction is delighted to help Turicum in realising their business growth ambitions,” he said.

“Adding another bank to our growing portfolio of banks, remittance operators and investment platforms is testament to the quality service we provide and we look forward to a long and fruitful relationship that helps them better serve their clients.” 

On Turicum’s part, the chief executive officer Andreas Businger said that the institution considered it very important that partners were reliable.

“Being able to rely on efficient payment partners to better serve our range of sophisticated clients is of paramount importance,” he said.

He added that one of the factors that drew his bank to Clear Junction was that some of its own customers already work with it.

“The fact that some of our clients already benefit from the global payment solutions provided by Clear Junction naturally led to our considering a collaboration,” he explained.

He concluded on a positive note about the partnership overall.

“We trust that this partnership will allow us to continue sending and receiving cross-border payments as efficiently as possible for our customers,” he said.

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